Advertisement

CHICAGO (AP) — Billionaire businessman Ken Griffin is donating $125 million to the University of Chicago’s Department of Economics.

The university announced Griffin’s gift Wednesday, saying it’s the second-largest in school history and brings his personal donations to the school to nearly $150 million.


The school’s economics department, which boasts being associated with 29 scholars who have received the Nobel Prize for economics, will now be known as the Kenneth C. Griffin Department of Economics.

The school says the money will help the department expand faculty resources, provide student financial aid and create a research incubator.

RELATED: This ‘Queen’ may be enrolling at the University of Chicago

Griffin is founder and CEO of asset management company Citadel. He joined the university’s board of trustees in 2014. He says he’s proud to support a school that’s produced “pioneering research and path-breaking ideas.”

The University of Chicago’s economics department just got a donation to the tune of $150 million AP Photo/Paul Beaty

Associated Press

Vote for the 2017 Rare Country Awards
Advertisement
Advertisement